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Question
How do you classify small and medium enterprises?
How do you classify small and medium enterprises?
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Solution
Small and medium enterprises can be classified using the following information:
- Small enterprises have an annual turnover that does not exceed 50 crores, while medium enterprises have an annual turnover of 250 crores.
- The investment on plant, equipment and machinery in case of small industries should be within 10 crores while for a medium enterprise it is 50 crores.
Also read:
- Role and Importance of Small Scale Industries
- Small Scale Industries
- Administrative Setup for Small Scale Agro and Rural Industries
- Large Scale Industries
Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.
Small and medium enterprises can be classified using the following information:
- Small enterprises have an annual turnover that does not exceed 50 crores, while medium enterprises have an annual turnover of 250 crores.
- The investment on plant, equipment and machinery in case of small industries should be within 10 crores while for a medium enterprise it is 50 crores.
Also read:
- Role and Importance of Small Scale Industries
- Small Scale Industries
- Administrative Setup for Small Scale Agro and Rural Industries
- Large Scale Industries
Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.
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